PfP Capital, the fund management business established by Places for People, has secured investments from two major U.K. pension funds as part of its fundraising target of £160 million (€175.78 million/$199.81 million) for its affordable housing–focused fund. Significant investments totaling £85 million (€93.38 million/$106.15 million) have been made by the Nationwide Pension Fund and Strathclyde Pension Fund. Due to significant demand for the fund, PfP Capital intends to raise its target fund size to £240 million (€264 million/$299.72 million) initially, in line with its short-term pipeline of development opportunities, before looking to grow beyond £400 million (€439 million/$499.53 million) in due course.
Nationwide Pension Fund has committed £60 million (€66 million/$74.93 million) to the fund, while Strathclyde Pension Fund has committed £25 million (€27 million/$31.22 million). Together with investment from Castle Rock Edinvar and Scottish Government,
